Business Innovation and Investment (Provisional) Visa

Business Innovation and Investment (Provisional) visa, also known as subclass 188, is a type of visa designed for entrepreneurs, investors, and business owners who are interested in starting a new business or investing in Australia. The visa has 5 streams:

1. Business Innovation Stream: This stream is for individuals who have a successful business background and wish to establish, manage and grow a new or existing business in Australia. To be eligible for this stream, you must have at least AUD$800,000 in funding available for your proposed business and an overall successful business background.

2. Investor Stream:

   This stream is for individuals who are willing to make a designated investment of at least AUD$1.5 million in an Australian state or territory and maintain business and investment activity in Australia. You must also have a net personal and business asset of at least AUD$2.25 million and a successful investment background.

3. Significant Investor Stream:

   his stream is for individuals who are willing to make a designated investment of at leastAUD$5 million into complying significant investments in Australia and maintain business and investment activity in Australia. You must also have a successful investment background.

4. Entrepreneur Stream:

   This stream is for individuals who have a business idea and access to funding to establish a new business in Australia. To be eligible, you must have funding of at least AUD$200,000and a successful business track record.

5. Premium Investor Stream:

   This stream is for high net worth individuals who are willing to make a designated investment of at least AUD$15 million into complying premium investments in Australia. You must also have a net personal and business asset of at least AUD$40 million.

Note: eligibility criteria and requirements for each stream are subject to change, and it is always advisable to consult a registered migration agent to understand the latest immigration requirements. You can also check DHA website

https://immi.homeaffairs.gov.au/visas

to know about any of the mentioned visas.

Our migration agent at Growmore Immigration can help you with the latest information and requirements for the Business Innovation and Investment (Provisional) visa, and guide you through the entire visa application process. Book a consultation with us today to learn more.